tokyu land corporation

Financial Highlights FY2023 Second Quarter (First Six Months) Ended September 30, 2023

 

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Contents

Highlights

Progress of Medium-Term Management Plan and Initiatives to Enhance Corporate Value

Summary of the FY2023 Second Quarter (First Six Months) Ended September 30, 2023, and Earnings Forecasts

Segment Overview

Urban Development

Strategic Investment

Property Management & Operation

Real Estate Agents

Partner co-creation initiatives

Sustainability Initiatives

DX Initiatives

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③ Expansion of renewable energy business

Past performance and future plans for the renewable energy business.

The table shows the amount of investment in facilities already in operation and the gross profit from electricity sales.
As of September 30, 2023, the amount of investment in facilities already in operation (before depreciation) was 236.0 billion yen, compared to 361.5 billion yen in facilities that have already made decisions (before depreciation).
Gross profit is projected to be 4.9 billion yen for the fiscal year ending March 31, 2024, and was 3.6 billion yen in the second quarter.

For the Group, which has positioned environmental management as the Group-wide policy, the renewable energy business is an important business from the perspective of realizing a decarbonized society.
At present, our main focus is on solar power generation in the FIT business, but we will shift our development focus to wind power generation in the future and aim for further growth by expanding new business areas such as in-house development from the ground up, PPA, solar sharing, and business development overseas.